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Ursula Corporation issued 50,000 shares of S1 par common stock at a price of $10 per share. On June 1, Ursula purchased 2,000 shares of

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Ursula Corporation issued 50,000 shares of S1 par common stock at a price of $10 per share. On June 1, Ursula purchased 2,000 shares of its own stock at a cost of $14 per share. On December 1, Ursula resold all the shares for $16 each. The entry on December 1 would include which of these? A. Credit to Paid-in Capital from Treasury Stock Transactions, $4,000. B. Credit to Treasury Stock, $32,000. C. Credit to Gain on the Sale of Treasury Stock, $4,000. D. Debit to Cash, $28,000

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